# PPP loan: SHENANDOAH VALLEY ELECTRIC COOPERATIVE
> **$3.97M** approved 04/15/2020 · Paid in Full · Loan `9646747102`
## Borrower
- **Name:** SHENANDOAH VALLEY ELECTRIC COOPERATIVE
- **Address:** 180 OAKWOOD DR, BRIDGEWATER, VA, 22812-9540
- **NAICS:** 221122
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.97M
- **Initial approval:** $3.97M
- **Forgiven:** $4.01M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.97M
- **Jobs reported:** 250
## Lender
- **Originating:** The First Bank and Trust Company
- **Servicing:** The First Bank and Trust Company (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*